How to convert Bitcoin (BTC) to euro (EUR) with withdrawal to Visa/Mastercard
How to withdraw Bitcoin to Visa/Mastercard
Following the simple instructions below, the user can quickly convert bitcoins to EUR and receive the funds to his bank card.
1. Searching and selecting an exchanger
BestChange provides a large selection of crypto exchangers that support various options for exchanging Bitcoin cryptocurrency to EUR, including withdrawal to Visa/Mastercard. To display the list specifically for this direction, select Bitcoin BTC in the left column of the exchange table and Visa/Mastercard EUR in the right column.
It should be noted that this direction is available only for cryptocurrency transfers through the original Bitcoin network.
After the user selects the exchange direction, the page will display all available exchangers that allow you to exchange Bitcoin for euro with a Visa/Mastercard withdrawal. This list first presents exchangers that offer the most favorable exchange rate for users. Still, other parameters, such as the number of available reserves or positive reviews about the exchanger, can sort the list.
It remains to choose the exchanger itself. Next to each exchanger's name, icons mark certain features of each point. You need to put the cursor over the selected icon to get detailed information. With the help of these icons, you can find out.
- What type of exchange does the service support (manual, semi-automatic, or automatic);
- Whether the exchanger fixes the exchange rate during the transaction and under what conditions;
- Whether registration or user identity verification (KYC) is required, etc.
Having selected an exchanger, the user should go to the website to create an application.
2. Filling the application form
Before starting the transaction, fill out the form provided by the exchanger. In the application form, specify the card or account number for receiving euros, the amount the user wants to exchange, e-mail address and/or phone number, and other information that the exchanger may request. For example, some exchanges require the user's surname, first name, and country of residence.
After filling out the form, the exchanger must send it for confirmation. If registration is required, you must confirm it with a code sent to your e-mail or SMS.
When the exchanger accepts the application, it will send the user a Bitcoin wallet address to which to transfer funds.
3. Sending cryptocurrency
When choosing the native Bitcoin network, it is essential to know some nuances, as this blockchain supports several types of addresses:
- Legacy (1...),
- SegWit (3...),
- Native SegWit (bc1...).
Note that all the listed Bitcoin address types are compatible with each other, so a user can quickly transfer BTC from a wallet, for example, with the address bc1q22yddxgwqzre42gn6z9un988yrhk5un0nu48je to 3KjfJjPBv3hLPueAXmYMihrcQp9ZS7wiNt or 1GUvZyTjzmkKrt6nab1tUcfadixkc1ZcT. However, you should also consider that depending on the type of address used, the network's commission will rely on it: the lowest commission is for transfers via Native SegWit (bc1...).
To continue the transaction, you need to transfer the amount of bitcoins specified in the application to the exchanger's BTC wallet and confirm the sending of funds.
4. Receiving Euros
The exchanger must confirm the transfer of Bitcoin cryptocurrency from the user. This is often done automatically when particular confirmations are reached on the Bitcoin network, but in some cases, exchangers do it manually.
Typically, exchangers require up to 4 confirmations on the Bitcoin network to transfer euros to a user's bank card or account. This is because the Bitcoin transaction can be canceled during the confirmation process. Thus, exchangers insure themselves against risks. You can check the status of a Bitcoin transaction after it has been sent using blockchain browsers such as:
- Blockchain.com;
- Bitcoin.com;
- OKLink and others.
If a sufficient number of confirmations have been reached or the transaction has been fully confirmed, but the exchanger still has not sent the funds, you should first find out how much time the service allocates for sending the funds. It is important to note that some exchangers process applications manually, so the process can take up to 15 minutes, depending on the service's workload.
If the funds have not arrived after the time limit has expired, you should contact the exchanger's support service or BestChange service. It should also be known that delays may occur in bank transfers themselves.
After the transaction is completed, the user can leave a review of the exchanger on the BestChange website — this information may help other people when choosing an exchanger.
